Economy

Daily Energy Market Summary: 360 DCB – 10/5/2020 – Hosted by Michael Tanner

Daily Energy Market Summary: 360 DCB – 10/5/2020 – Hosted by Michael Tanner

Trump gets discharged from Walter Reed Hospital and sends stocks flying with majors indices finishing at least 1.5% higher.  US lawmakers also are expected to reach a stimulus agreements in the near future. House Speaker Nancy Pelosi and Treasury Secretary

Source: CNBC

Dow shakes off Trump’s positive test and is now slightly higher on stimulus hopes

CNBC


Stocks clawed back some of the steep losses that followed President Donald Trump’s coronavirus diagnosis after House Speaker Nancy Pelosi signaled aid for the airline industry could be coming soon, perhaps even as part of a much-anticipated broad relief …

October 2, 2020 - 3:30 pm Closing Bell Story‎, Economy, Finance
Daily Energy Market Summary: 360 DCB – 10/2/2020 – Hosted by Michael Tanner

Daily Energy Market Summary: 360 DCB – 10/2/2020 – Hosted by Michael Tanner

Episode #52: Weekly Energy Market Summary – October 2nd, 2020

Episode #52: Weekly Energy Market Summary – October 2nd, 2020

First show of Q4 starts out wild on the back of President Trump testing positive for COVID-19, sending the markets into a frenzy to start the show. The crew from OAG360 cover everything that happened during the crazy energy market

Oil falls further as Trump tests positive for COVID-19

Oil falls further as Trump tests positive for COVID-19

CNA

TOKYO: Oil prices extended losses to fall around 2 per cent on Friday (Oct 2) after US President Donald Trump tested positive for the coronavirus, while a US stimulus package eluded negotiators amid ongoing worries about demand.

Brent crude …

October 2, 2020 - 4:04 am Crude Oil News, Economy, Political News
Daily Energy Market Summary: 360 DCB – 10/1/2020 – Hosted by Michael Tanner

Daily Energy Market Summary: 360 DCB – 10/1/2020 – Hosted by Michael Tanner

Mixed bag in the markets today as major indices give traders different views of the market.  Tech-heavy index Nasdaq trade 1.5% higher on news that a revised stimulus will include direct payments which had been a boon for the Nasdaq …

Daily Energy Market Summary: 360 DCB – 9/30/2020 – Hosted by Michael Tanner

Daily Energy Market Summary: 360 DCB – 9/30/2020 – Hosted by Michael Tanner

All major indices up as optimism over a new stimulus package help prop up what has been a choppy September to say the least. The Dow Jones last traded up 260 points, or 0.9%, after rising 550 points at its

Shell to cut up to 9,000 jobs as oil demand slumps

Shell to cut up to 9,000 jobs as oil demand slumps

Shell


Royal Dutch Shell has said it plans to cut 7,000 to 9,000 jobs as it responds to challenges including the slump in oil demand amid the Covid-19 pandemic.

The oil giant said the cuts would be implemented by 2022 …

September 30, 2020 - 5:16 am Economy, International, Jobs
Source: Reuters

Top U.S. oil refiner, Marathon Petroleum, begins widespread job cuts -sources

 


HOUSTON, Sept 29 (Reuters) – Marathon Petroleum Corp MPC.N, the largest U.S. oil refiner, on Tuesday began cutting employees at its U.S. operations as the COVID-19 pandemic further narrowed global demand for motor fuels, people familiar with plant …

September 29, 2020 - 9:20 pm Crude Oil News, Downstream, Economy, Jobs
Daily Energy Market Summary: 360 DCB – 9/29/2020 – Hosted by Michael Tanner

Daily Energy Market Summary: 360 DCB – 9/29/2020 – Hosted by Michael Tanner

COVID-19 concerns hit the east coast hard, driving markets to its first loss in 4 trading days. The Dow Jones Industrial Average traded 130 points lower, or 0.5%. The S&P 500 fell 0.4% while the Nasdaq Composite dived 0.1%. New

ESG Data Quagmire Impedes Sustainable Finance Impact, OECD Says

ESG Data Quagmire Impedes Sustainable Finance Impact, OECD Says

Bloomberg Green


Oil & Gas 360 Publishers Note: We have been seeing on the 360 News Desk, “No ESG – No Access to Capital”. This article brings up exactly what we are seeing in the market. There is also the

Daily Energy Market Summary: 360 DCB – 9/28/2020 – Hosted by Michael Tanner

Daily Energy Market Summary: 360 DCB – 9/28/2020 – Hosted by Michael Tanner

New week means new bullish trends as the markets rip higher today, off the back of improved stimulus talks. House Speak Pelosi is set to speak to Treasury Secretary Mnuchin today with talks ongoing today.   

Oil and Gas News

The 360 Digital Closing Bell Look Ahead–9-29-2020

The 360 Digital Closing Bell Look Ahead–9-29-2020

PACKED MONDAY on the The Oil and Gas Show 360 Digital Closing bell from the team at www.oilandgas360.com!

 

We learn early on that Michael is single because he can't "DYI" (which for those keeping track at home, its "DIY")

Daily Energy Market Summary: 360 DCB – 9/25/2020 – Hosted by Michael Tanner

Daily Energy Market Summary: 360 DCB – 9/25/2020 – Hosted by Michael Tanner

Despite all 3 major indices finishing up 1.2% or more, stocks still finish their 4 straight week of loses as the September swoon is in full effect.  House Democrats are preparing a $2.4 trillion relief package that they could vote

The 360 Digital Closing Bell Look Ahead–9-25-2020

The 360 Digital Closing Bell Look Ahead–9-25-2020

HAPPY 50th birthday to the show as the team from OAG360 brings you everything that happened in the oil patch for this week.

Heavy international and oil major show (which Michael hates) as Shell shifts to less oil production (following

A New View of the Relationship Between Oil Prices, Gasoline Prices and Inflation Expectations

A New View of the Relationship Between Oil Prices, Gasoline Prices and Inflation Expectations

Dallas Fed


It has been considered self-evident until recently that oil prices drive inflation expectations, but new evidence calls into question this conclusion.

Conventional wisdom within macroeconomics is that U.S. inflation expectations respond to the level of the price of …

September 24, 2020 - 3:00 pm Commodity Pricing, Economy, Gasoline
Daily Energy Market Summary: 360 DCB – 9/24/2020 – Hosted by Michael Tanner

Daily Energy Market Summary: 360 DCB – 9/24/2020 – Hosted by Michael Tanner

Thursday chop back in full force as Dow Jones swings from 300 pts up, 200 pts down (500 pt swing) finishing 40 pts below. The S&P 500 and Nasdaq Composite traded lower by 0.1% each. First-time claims for state unemployment

Contrary to BP’s management Russia’s Gazprom Neft sees oil demand returning to pre-crisis levels in H2 2021-

Contrary to BP’s management Russia’s Gazprom Neft sees oil demand returning to pre-crisis levels in H2 2021-

Energyworld


Oil & Gas 360 Publishers Note: Dyukov’s statements appear to be in direct conflict with BP’s top management’s comments this week. 

“The pandemic hasn’t gone anywhere… but we are sure that there won’t be such a harsh reaction, first …

September 24, 2020 - 1:00 pm Closing Bell Story‎, Crude Oil News, Economy, International
Daily Energy Market Summary: 360 DCB – 9/23/2020 – Hosted by Michael Tanner

Daily Energy Market Summary: 360 DCB – 9/23/2020 – Hosted by Michael Tanner

Daily Energy Market Summary: 360 DCB – 9/23/2020

 

September swoon in full effect as the market takes another nose dive, with the Dow Jones finishing 1.3% lower or 367 pts.  S&P 500 was down over 1.5% with Nasdaq finishing

Source: CNBC

Jamie Dimon says he’s OK with higher taxes on the rich, but wealth tax is ‘almost impossible’

CNBC


SINGAPORE — J.P. Morgan Chase’s Chief Executive Jamie Dimon said he’s not against higher taxes on the rich, but a wealth tax is not the way to do it.

“A wealth tax is almost impossible to do,” he told …

September 23, 2020 - 2:00 pm Closing Bell Story‎, Economy, Finance
Daily Energy Market Summary: 360 DCB – 9/22/2020 – Hosted by Michael Tanner

Daily Energy Market Summary: 360 DCB – 9/22/2020 – Hosted by Michael Tanner

Equities markets finished positive after Fed Chair Powell reiterated his stance to support the US economy. These gains on the broad markets snap a 4 session losing streak. Oil and Gas News Today What happened to crude oil today? Prices

Source: Reuters

OPEC watching Libyan oil restart closely, needs time to assess: sources

Energyworld


Oil & Gas 360 Publishers Note: As OPEC is having difficulty keeping all of it’s members within agreed production levels, the new developments are a catalyst to review the OPEC’s memberships and partnerships. Should be interesting to follow as

Daily Energy Market Summary: 360 DCB – 9/21/2020 – Hosted by Michael Tanner

Daily Energy Market Summary: 360 DCB – 9/21/2020 – Hosted by Michael Tanner


 

Huge market selloff to begin the week as the Dow Jones dropped 843 points, or 3.1%. The S&P 500 lost 2.5% while the Nasdaq Composite fell 1.6%.  Stock fell on worse than expected COVID-19 optimism and uncertainty on any

Saudi gasoline stocks fall to multi-year lows

Saudi gasoline stocks fall to multi-year lows

Argus


Dubai, 20 September (Argus) — Saudi Arabia’s gasoline stocks fell to more than a six year low in July as a push to keep refinery run rates low coincided with an upswing in domestic gasoline demand with the easing …

September 20, 2020 - 11:30 am Economy, Gasoline, International
Daily Energy Market Summary: 360 DCB – 9/18/2020 – Hosted by Michael Tanner

Daily Energy Market Summary: 360 DCB – 9/18/2020 – Hosted by Michael Tanner

Friday chop led to all major indices on the equities market to slump leading into the weekend. he Dow Jones slid 370 points, or more than 1%. The S&P 500 dropped 1.7% and the Nasdaq fell 2.2%. 

 

Crude oil

Source: CNBC

Fed picks its side in inflation debate and sends market a message — no rate hikes for years

CNBC


The Fed does not expect to see inflation pick up for years, and it is willing to keep rates at zero even after it does.

Stocks initially surged after the Fed released its post-meeting statement and its latest economic …

September 17, 2020 - 3:30 pm Closing Bell Story‎, Economy, Finance
Daily Energy Market Summary: 360 DCB – 9/17/2020 – Hosted by Michael Tanner

Daily Energy Market Summary: 360 DCB – 9/17/2020 – Hosted by Michael Tanner

Volatile day for the overall equities markets today as major indices each fall over 1% with renewed stress on tech stocks, NASDQ down over 1.75%. Conflicting COVID-19 vaccine news amid stalled stimulus 2.0 also weighed on investors today. First-time claims

Source: Reuters

The Fed could could still move markets Wednesday even with rates on hold for the foreseeable

CNBC


While committed to keeping interest rates low for the next several years, the Federal Reserve still has plenty of work to do as it steers the U.S. economy through the pandemic.

As central bank officials gather Tuesday and Wednesday

September 15, 2020 - 3:30 pm Closing Bell Story‎, Economy, Finance
Daily Energy Market Summary: 360 DCB – 9/15/2020 – Hosted by Michael Tanner

Daily Energy Market Summary: 360 DCB – 9/15/2020 – Hosted by Michael Tanner

Daily Energy Market Summary: 360 DCB – 9/15/2020

 

Choppy Tuesday in the markets today as huge gains are lost toward the end of the trading session.  The S&P 500 gained 0.4% and the Nasdaq moved 1%. The DJIAfell

The 360 Digital Closing Bell Look Ahead–9-14-2020

The 360 Digital Closing Bell Look Ahead–9-14-2020

Another Monday, Another 360 Digital Closing Bell Week Ahead Podcast!

 

Name of the game today: International News Desk

  • BP Week - this will be good
  • Libya is wild
  • And Stu has jackhammers going below him'

As always Michael then